In the coming months, Europe’s space community will have to admit it must prepare to pay a high price for a major strategic error. For decades, European Space Agency (ESA)-member states and industrial contractors maintained an outdated structure to develop, produce and market the heavy-lift Ariane booster. Europe acquired a largely dominant market share, despite the former USSR’s ambitions. Then came SpaceX, a brand-new player, which is simply revolutionizing the commercial space ...

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